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Analysts said the stringent new requirements may help to cool the overheated sector that is filled with both serious players and bogus ones.

Analysts at many international institutions may have reached a premature conclusion that China's external demand will shrink by more than 50 percent and the shock to the economy from COVID-19 will be more severe than the 2008 global financial crisis. Their forecasts are based on assumptions that various countries will not roll out massive stimulus packages, and that international organizations will not effectively carry out international coordination of risk management.

Analysts believe increasing consensus between the two countries is partly because the energy structure worldwide has been shifting from coal to cleaner alternatives like hydropower and wind power.

Andy Jassy — CEO of Amazon Web Services

An updated version of the IPO prospectus states that the offering will be open to qualified foreign investors (QFIs) and investors within Saudi Arabia, according to Al Arabiya TV.